Home / Auction Info

LAND AUCTION - 172 +/- ACRES OFFERED IN 4 TRACTS IN WAYNE & FAYETTE COUNTY, IN

Wayne County - Centerville, IN & Fayette County- Connersville, IN

Owner: Debra Squires Fri, Feb 11, 11:00 AM

• Quality Soils W/ 158+/- FSA Crop Acres • 2022 Crop Rights to the Buyer • Competitive Markets - Ethanol & Soybeans Processors within 40 Miles • Convenient Location(s) between Richmond & Connersville, IN


OPEN HOUSE/INSPECTION DATES

Wednesday, January 19th from 11-12 noon
Wednesday, February 2nd from 11- 12 noon

PROPERTY LOCATION

TRACT 1: (FAYETTE Co., Waterloo Twp., Sec. 32) - Near 2200 E CR 400 N CONNERSVILLE, IN. From IN SR 1 at the north edge of Connersville take 30th St. east 1/4 mile to Waterloo Rd. Continue 1.5 miles north to CR E 400 N. Then right 1 mile to the farm. 1/2 mile east of Pennville Rd.
TRACT 2-4: (WAYNE Co., Abington Twp., Sec. 13) - 8087 Tice Rd. CENTERVILLE, IN. From US 40 at the light in Centerville, travel south on Morton Ave. (Centerville Rd.) for 5 miles to Tice Rd. Then right 1 mile to the farm.

AUCTION LOCATION

Golay Community Center - 1007 E. Main St., Cambridge City, IN 47327

TRACT DESCRIPTIONS

Tract 1: 39.7± ac mostly tillable featuring quality Russell and Fox loam soils. Frontage on E. CR 400 N.  is tract is farmed as one  eld for ease of farming operation. Great INVESTMENT opportunity or add this to your farming operation.

Tract 2: 64± ac with 60+/- FSA tillable acres and the balance in drainage waterways and the old farmstead site. Highly productive Treaty, Miami, & Celina soils. Located at 8087 Tice Rd., this tract features an established lane, 10k bushel grain bin, 26ft x 60ft block barn with electric service in place. (0.9 Acres of FSA waterways).

Tract 3: 34± ac mostly tillable.  is is a good cropland investment tract including Treaty, Miami, and Crosby soils. Good frontage on Tice Rd. and a nice location.

Tract 4: 35± ac "SWING TRACT": featuring 28.5+/- FSA tillable acres and the balance in woods and creek. Quality soils including a Miami, Celina, & Shoals blend. This SWING TRACT. It must be purchased by an adjoining landowner or in combination with Tract 2 or 3.

TRACT MAP(S)

Tract 1

Tracts 2-4

AREA MAP(S)

PROCEDURES: The property will be offered in 4 individual tracts,any combination of tracts (subject to swing tract requirements), or as the total 172+/- acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer.

DOWNPAYMENT: Real Estate 10% down payment on the day of the auction with the balance in cash at closing. The down payment may be made in the form of cash, cashier's check, personal check or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed and are capable of paying cash at closing.

ACCEPTANCE OF BID PRICES: Successful bidder(s) will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the Seller's acceptance or rejection.

EVIDENCE OF TITLE: Seller's shall provide an owners title insurance policy in the amount of the purchase price

DEED: Seller(s) shall provide a Warranty Deed.

CLOSING: The balance of the real estate purchase price is due at closing, which will take place on or before March 15, 2022.

POSSESSION: Possession will be delivered at closing. Buyer to receive 2022 CROP RIGHTS!

REAL ESTATE TAXES / ASSESSMENTS: Seller to pay taxes for the 2021 calendar year due and payable in 2022 by giving the buyer(s) a credit at closing.

ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.

SURVEY: Survey(s) will be done where new boundaries are created by the tract divisions in this auction. Buyer(s) and Seller will share survey expense 50:50. Combination purchases will receive a perimeter survey only. Closing prices will be adjusted to reflect any differences between advertised and surveyed acreages.

MINERAL RIGHTS: The sale shall include 100% of the mineral rights owned by the Seller.

AGENCY: Schrader Real Estate and Auction Company, Inc. and its representatives are exclusive agents of the seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold on "AS IS, WHERE IS" basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers and Selling Agents reserve the right to preclude any person from bidding if there is any question as the person's credentials, fitness, etc. All decisions of the Auctioneer are final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS.